<PAGE>




                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported)      March 4, 1996
                                                  --------------------------


                           WSFS FINANCIAL CORPORATION
           ---------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

     Delaware                     0-16668                       22-2866913
- -------------------       ------------------------       ---------------------
  (State or Other         (Commission File Number)          (I.R.S. Employer
  Jurisdiction of                                        Identification Number)
   Incorporation)

838 Market Street, Wilmington, Delaware                             19899
- ---------------------------------------                        ---------------
(Address of Principal Executive Offices)                         (Zip Code)

Registrant's telephone number, including area code:           (302) 792-6000
                                                     -------------------------















                            Total number of pages 6.


<PAGE>


Item 5.  Other Events

    On March 4, 1996, the Board of Directors of WSFS Financial Corporation
announced that the Company would remain independent. In July 1995, the Company
had announced that it was exploring its strategic alternatives, including a
possible sale of the Company.


Item 7.  Financial Statements and Exhibits

    (c)    Exhibits

           The following exhibit is filed as part of this report:

EXHIBIT
NUMBER                     DOCUMENT
- -------                    --------

  99            Press Release dated March 4, 1996                    Exhibit 1































<PAGE>


                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                         WSFS Financial Corporation



Date:  March 5, 1996                        /s/   MARVIN N. SCHOENHALS
                                       ------------------------------------
                                                Marvin N. Schoenhals
                                       President and Chief Executive Officer





<PAGE>

                                 
                                                                     EXHIBIT 1

                        PRESS RELEASE DATED MARCH 4, 1996
                                  NEWS RELEASE
                                                                  

                 WSFS LOGO FINANCIAL CORPORATION
                           ---------------------                                
                           838 Market Street, Wilmington, DE 19899




For Release:  March 4, 1996

                                              Contact:  Marvin N. Schoenhals
                                                        or R. William Abbott
                                                        (302) 571-7294





                      WSFS FINANCIAL CORPORATION ANNOUNCES
                        ITS INTENT TO REMAIN INDEPENDENT

         Wilmington, DE -- WSFS Financial Corporation (NASDAQ/NMS:WSFS), the
parent company of Wilmington Savings Fund Society, FSB (WSFS), announced today
that the Company intends to remain independent in order to maximize stockholder
value. The Board made this decision after completing a review of alternative
courses of action, including a possible sale of the Company. The Board
previously announced its intention to undertake this review in light of the
significant changes and ongoing consolidation in the banking industry. The Board
was assisted in its review by Alex. Brown & Sons Incorporated, its financial
advisor.

         Marvin N. Schoenhals, Chairman, President and CEO said, "The Board's
decision was made after taking into consideration the Company's growth prospects
and the fact that none of the expressions of interest significantly exceeded
recent market prices. It is the unanimous judgment of the Board that a sale of
the
 Company at current market levels would be inadequate and would not be in the
best interests of stockholders. In short, the Board does not feel the sale of
the Company at this time would adequately value the Company's earnings prospects
and capabilities of management. As such, it concluded that stockholders,
customers and Associates are best served by remaining independent."

         Members of the Board controlling over 43% of the Company's outstanding
stock unanimously supported the decision to remain independent. The Board also
announced that it has authorized management to initiate a 5% stock buyback
program.

         WSFS Financial Corporation is a $1.2 billion financial services
company. Its principal subsidiary, WSFS, operates 14 retail banking offices in
New Castle County and Dover, Delaware. WSFS was originally chartered in 1832 and
has served customers in the greater Wilmington, Delaware market for 164 years.
Other operating subsidiaries include WSFS Credit Corporation; Community Credit
Corporation; 838 Investment Group, Inc.; and Providential Home Income Plan, Inc.

                                       ###